Based on the American Action Forum’s (AAF) analysis of all final rules issued in FY 2013 that quantified costs (310) and benefits (18), annualized costs were $7.2 billion.
The Comcast-Time Warner Cable (TWC) deal will strike the tenor for technology mergers in the coming years, so it is important the regulators understand its impact on consumers and the competitive environment. Technology policy’s fundamental question again takes center: should we regulate beforehand, deterring all potential positive benefits, or regulate when there is actual consumer harm? All combined, the deal is clearly in the public interest and should be allowed.
This week regulators published $164.7 million in total regulatory costs; there were $45 million in annualized burdens, compared to $32 million in benefits, and 191,000 paperwork hours. An oil pollution proposal and a poultry inspection final rule led the week.
Today, after a delay of nearly three months, EPA published its final “Cooling Water Intake Structures” rule in the Federal Register. The rule is designed to protect aquatic wildlife from impingement (trapped against screens) and entrainment (caught inside cooling water systems).
This week regulators added more than $7.4 billion in total costs, $376 million in annualized costs, and $33 million in benefits. In addition, despite a significant deregulatory proposal, rulemakings still added close to 600,000 paperwork burden hours.
The American Action Forum examined hundreds of filings to FCC from companies and public interest groups for the next round of net neutrality regulations. Below are the broad, contested areas in the debate, followed by highlights from recent filings.
Regulators published more than $4.1 billion in annual costs, compared to $19.7 million in benefits; there were 3.3 million paperwork burden hours added. A final rule changing the compliance date for the “International Classification of Diseases” (ICD) led the week.
Regulators published $6.1 billion in regulatory costs this week, or $19 for every person in the U.S. Annualized costs were $406 million, compared to $225 million in benefits. There were 105,000 new paperwork burden hours. A proposed safety standards regulation for railway tank cars led the week.
Recently, the Environmental Protection Agency (EPA) temporarily withdrew its rule on “wage garnishment” due to “adverse comments.” The EPA took an almost unprecedented action on the regulation by releasing it as a final rule, instead of going through the normal rulemaking process.
In a relatively modest week, regulators published $158 million in annualized costs and more than 235,000 associated paperwork burden hours; no regulation monetized possible benefits. However, the week did include notable court proceedings on the Affordable Care Act and Dodd-Frank’s fourth anniversary.